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Dunkin Brands Brews A Strong Opening

By Anthony Silva, WBZ NewsRadio 1030
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(File photo by Tim Boyle/Getty Images)

(File photo by Tim Boyle/Getty Images)

420x316-grad-silva Anthony Silva
Anthony Silva is co-host of the WBZ Afternoon News heard each wee...
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BOSTON (CBS) – Dunkin Brands was the star on Wall Street Wednesday, as its IPO generated more than half a billion dollars.

The Canton-based company says it will use the funding to pay down debt and finance expansion west, where Dunkin is a bit player with just 100 stores right now.

Senior Analyst Conrad Lyon at B. Riley and Company in Los Angeles says the company’s name may promote donuts, but it’s bread and butter moneymaker is coffee.

WBZ NewsRadio 1030’sAnthony Silva has more on the IPO

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